Amendment Exempts Those Taxed Abroad from ‘Living-Standard’ Income Tax Assessment

The finance ministry on Friday tabled an amendment in Parliament that exempts individuals whose main tax residence is abroad from income tax assessment based on living-standards criteria, such as owning a home or car. Until now, the only condition exempting tax-payers from the process was that they did not earn an income in Greece.

The measure will now exempts individuals that have sources of income in Greece and concerns income earned in 2013.

The same amendment also regulates the tax brackets for those with small incomes from occasional employment, such as the unemployed or students, placing them in the same tax scale as employees and pensioners, and other sundry tax issues.